Crypto industry prioritizes infrastructure investment over DeFi this year

Cryptocurrency investors are prioritizing investments in infrastructure, such as custody and payments, over decentralized finance (DeFi) due to liquidity shortages and limitations in market infrastructure, Cointelegraph reported, citing a survey from conference organizer CfC St. Moritz. The survey, conducted in January among 242 key industry decision-makers, found that 85% of respondents identified infrastructure as the top priority for capital allocation. The report added that market participants believe improving infrastructure is a prerequisite for the significant inflow of institutional assets, resulting in an overwhelmingly high preference for investing in related technologies and services.